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Author Question: An increase in wage rate, other things constant, shifts the aggregate supply curve downward. a. ... (Read 52 times)

Lisaclaire

  • Hero Member
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  • Posts: 569
on: Jun 30, 2018
An increase in wage rate, other things constant, shifts the aggregate supply curve downward.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Dividing the change in total revenue by the change in labor gives:
 a. marginal product of labor.
  b. marginal revenue product of labor.
  c. the price of the output.
  d. demand for the output.
  e. economic efficiency.


dyrone

  • Sr. Member
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  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


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